Govt plans to turn SL into highly competitive export-oriented digital economy -President
“We are looking at turning Sri Lanka into a highly competitive export-oriented digital economy. Achieving net zero by the year 2050, increasing integration with the global economy, achieving stable macroeconomic balances and sustainable debt, modernizing agriculture to boost farmer productivity, incomes and agriculture exports and promoting inclusive economic growth and social progress are also part of the plan,” said President Ranil Wickremesinghe addressing the Central Bank Governors of SAARC countries conference “SAARCFINANCE” at the Hilton Hotel yesterday.
“We are also bringing in new laws to change vocational training because large numbers go into vocational training more than university as they look for employment. We want the big companies to expand, and I’m happy to see many of them expanding. We have already got hotels in the Maldives, and now we have investments in Bangladesh. We are seeing Indian investments coming into Sri Lanka. As we expand, I think we can deal with the economic issues relating to collaboration,” he said.
Sri Lanka will introduce new legislation to safeguard the Central Bank, State banks and similar institutions via the Central Bank Act and Public Debt Management Acts and these would further help to consolidate the economy, he said.
These must be passed by the Parliament and once we do this it will bring stability to financial and monetary sectors. He also said that he was happy that the country received the third tranche of the IMF disbursement in the past two years. Wickremesinghe said that the Finance Ministry and Central Bank also worked hard towards achieving this. Many people did not think that Sri Lanka would recover from this crisis so quickly, he said.
The President also said corruption has become a significant problem in Sri Lanka and several measures against this were taken with the assistance of the International Monetary Fund which resulted in the Anti-Corruption Act being passed in Parliament.
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